Blog > What’s the Difference Between Market Value and Assessed Value?

What’s the Difference Between Market Value and Assessed Value?

by Gordon Hageman

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Market value reflects what a buyer is willing to pay in today’s conditions; assessed value is what local tax authorities assign for property tax purposes. Assessed values often lag behind market trends and can be lower. Understanding both helps buyers and sellers navigate pricing, appraisals, and tax expectations confidently.

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Gordon Hageman

Gordon Hageman

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